DENVER — Average apartment rent prices in Denver have dropped for the first time in years, according to a new report from the Apartment Association of Metro Denver, potentially signaling relief for renters who have faced steadily rising housing costs.
The report indicates that the average rent for an apartment in Denver is now $56 cheaper than it was at this time last year. This decrease coincides with a 7% vacancy rate — the highest the city has experienced in 15 years.
“Over the past six months, I was looking at possibly moving out to a new place, and there was an absurd number of units available all over the city,” said Devin Cordero, a renter who lives near Cheesman Park…